Examlex

Solved

The Practice of Appropriating Money for Specific Pet Projects of Members

question 91

Multiple Choice

The practice of appropriating money for specific pet projects of members of Congress is called __________.


Definitions:

Ordinary Annuity

A series of equal payments made at equal intervals of time, with the first payment occurring at the end of the period.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Compounded Quarterly

The method of calculating interest where the interest is added to the principal sum four times a year.

Compounded Annually

A method of calculating interest where the interest earned over a year is added to the principal, and the sum becomes the principal for the next year.

Related Questions